Razor1911
Active member
There are mainly three types of chains used in the crypto market. Etherum chain which is ERC-20, binance chain which is BEP-20 and Tron link chain which is TRC-20. There was time, particularly before the launch of binance smart chain, ERC-20 used to be bery popular, but at this moment it has lost all the momentum and its shifted towards other block chains.
The main reason is their High gas charge. The charges are so high that you may only get $6 worth of Converted coins, if you transact for $10. In other hand, Binance and Tron chains charge comparatively less for such transaction. Hence the investors are shifting from ERC- 20 to other chains these days. Binance chain has become more popular than rest of thr two due to it's efficiency and ease of doing transactions.
Do you think that the charges of etherum chain is the only reason why poeple are leaving that blockchain. Please share your views.
The main reason is their High gas charge. The charges are so high that you may only get $6 worth of Converted coins, if you transact for $10. In other hand, Binance and Tron chains charge comparatively less for such transaction. Hence the investors are shifting from ERC- 20 to other chains these days. Binance chain has become more popular than rest of thr two due to it's efficiency and ease of doing transactions.
Do you think that the charges of etherum chain is the only reason why poeple are leaving that blockchain. Please share your views.